Plug Power (PLUG) Announces Key Developments and Strategic Milestones in Q2 2024

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Go back to Plug Power (PLUG) Announces Key Developments and Strategic Milestones in Q2 2024

Plug Power (PLUG) PT Lowered to $2.50 at RBC Capital

August 12, 2024 6:45 AM EDT

RBC Capital analyst Chris Dendrinos lowered the price target on Plug Power (NASDAQ: PLUG) to $2.50 (from $3.50) while maintaining a Sector Perform rating.

The analyst comments "2Q24 results missed our and consensus estimates partly driven by the timing of electrolyzer deployments not yet recognized as... More